Alert: Constellation in Negotiations to Sell

According to several sources, Constellation is in negotiations to sell the following wine brands: Geyser Peak (recently acquired from Fortune Brands), Gary Farrell, Buena Vista Carneros, Atlas Peak, Covey Run, Ste. Chapelle & Columbia Winery. The purchase price is $220-$225 million. When Constellation reorganized its U.S. wine business in January, it reportedly decided it was time to shed these brands. Details of the sale and the group acquiring the wineries are not yet confirmed. Jim DeBonis, former head of production